24 Jul 08 – Due to the summer slow season, European antimony trioxide market kept weakening.
Asianmetal(English) http://www.asianmetal.com YCG4
A European trader was surprised to find the price of antimony trioxide dropped by USD300/t after he comes back from a three-week holiday. “Before I left, the price of 99.5%min antimony trioxide was USD5,700-5,800/t in warehouse Rotterdam, and now it is slightly below USD5,500/t,” said the source and disclosed that he lost a business of two containers earlier in the weak because he was not aware the dropping price.
The source holds that antimony trioxide market would keep quiet in July and August because of the summer holidays. However, due to the fact that Chinese had reduced production for Olympic Games this year, he expect price to stabilize in the range of USD5,300-5,500/t in warehouse Rotterdam.
Another trader confirmed the slightly weakened price of 99.5%min antimony trioxide at around USD5,400-5,450/t in warehouse Rotterdam, and USD50-100/t more expensive for Twinkling Star brand material. “Price is slowly dropping by USD50/t every one or two weeks in the last six weeks,” the source said and holds that price will continue to go down by another USD100-200/t before the summer ends.
He holds that the Chinese suppliers will try to keep price stable by stop more smelters in the near future. “They always do when the price drops, and the reason they gave in the past was flood or environmental control. This year, they halt production because dynamite control for Olympic Games.” He believes the antimony trioxide price will not fall below USD5,000/t FOB China this summer.
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